Ministry of Coal issues SOP in respect of National Coal Index

May 11, 2020 | by Avantis RegTech Legal Research Team

Industry Specific Compliance

The Ministry of Coal (MoC) on May 06, 2020 has issued the Standard Operating Procedure (SOP) for National Coal Index by providing the details of the operational part for implementing the methodology of constructing the Index and delineate the duties of functionaries in the process along with the timeline.

The National Coal Index shall be brought out once in 2 months. The Coal Controllers’ Organisation (CCO) would collect the data on bi-monthly basis pertaining to coal prices from all the price channels. The CCO will prepare the Detailed Technical Note (DTN) on price movements. The DTN needs to be send to the Ministry and Coal Controller. The DTN will be scrutinized by DDG and then the matter would be approved by the Secretary of Coal.

All the officers are requested to adhere the SOP and take immediate steps for publishing the National Coal Index.

[Notification No. NA-102/3/2017-NA-Part(2)]


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